Seneth: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Seneth
Largest movements
- Cash -€36,570
down €36,570 (-29.5%), from €123,975 to €87,405
mainly Contributions, distributions and other (-€110,000) and Investment in fixed assets (net) (-€22,298)
- Tangible fixed assets +€19,680
up €19,680 (+2,105%), from €935 to €20,615
of which Furniture and vehicles: +€20,083
- Deferred charges and accrued income -€2,335
no longer reported in 2025 (was €2,335)
- Tax, wage and social debts -€17,753
down €17,753 (-68.3%), from €25,977 to €8,224
- Gross operating margin +€3,958
up €3,958 (+2.9%), from €137,826 to €141,784
- Depreciation +€2,169
up €2,169 (+483%), from €449 to €2,618
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,266 | €123,750 | -€19,516 | -13.6% |
| Fixed assets | 21/28 | €935 | €20,615 | +€19,680 | +2,105% |
| Tangible fixed assets | 22/27 | €935 | €20,615 | +€19,680 | +2,105% |
| Plant, machinery and equipment | 23 | €935 | €532 | -€403 | -43.1% |
| Furniture and vehicles | 24 | - | €20,083 | +€20,083 | |
| Current assets | 29/58 | €142,331 | €103,135 | -€39,196 | -27.5% |
| Amounts receivable within one year | 40/41 | €16,021 | €15,730 | -€291 | -1.8% |
| Trade receivables | 40 | €15,730 | €15,730 | = | 0.0% |
| Other amounts receivable | 41 | €291 | - | -€291 | |
| Cash at bank and in hand | 54/58 | €123,975 | €87,405 | -€36,570 | -29.5% |
| Deferred charges and accrued income | 490/1 | €2,335 | - | -€2,335 | |
| Total equity and liabilities | 10/49 | €143,266 | €123,750 | -€19,516 | -13.6% |
| Equity | 10/15 | €116,447 | €115,116 | -€1,332 | -1.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,947 | €109,616 | -€1,332 | -1.2% |
| Amounts payable | 17/49 | €26,819 | €8,634 | -€18,184 | -67.8% |
| Amounts payable within one year | 42/48 | €26,819 | €8,634 | -€18,184 | -67.8% |
| Trade debts | 44 | €841 | €410 | -€431 | -51.2% |
| Suppliers | 440/4 | €841 | €410 | -€431 | -51.2% |
| Taxes, remuneration and social security | 45 | €25,977 | €8,224 | -€17,753 | -68.3% |
| Taxes | 450/3 | €25,977 | €8,224 | -€17,753 | -68.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €449 | €2,618 | +€2,169 | +483% |
| Other operating charges | 640/8 | €229 | €199 | -€30 | -13.2% |
| Gross operating margin | 9900 | €137,826 | €141,784 | +€3,958 | +2.9% |
| Operating profit (loss) | 9901 | €137,148 | €138,968 | +€1,820 | +1.3% |
| Financial income | 75/76B | €1,074 | €498 | -€577 | -53.7% |
| Recurring financial income | 75 | €1,074 | €498 | -€577 | -53.7% |
| Financial charges | 65/66B | €892 | €432 | -€459 | -51.5% |
| Recurring financial charges | 65 | €892 | €432 | -€459 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | €137,331 | €139,033 | +€1,703 | +1.2% |
| Income taxes | 67/77 | €29,979 | €30,365 | +€386 | +1.3% |
| Profit (loss) for the period | 9904 | €107,351 | €108,668 | +€1,317 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €107,351 | €108,668 | +€1,317 | +1.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.